New York CNN —The massive cargo ship crash that destroyed the Baltimore’s Francis Scott Key Bridge on Tuesday will probably cost various shipping companies and insurers billions of dollars in damages.
“Maritime law is steeped in antiquity.
Maritime law is rooted in the need to settle disputes and enforce rules between different peoples, even before there was the concept of countries with definitive laws.
That rule, known as general average, is still a guiding principle of maritime law.
“it’s just a fundamental part of the way that the shipping business works,” said Martin Davies, director of the Maritime Law Center at Tulane University.
Persons:
Francis Scott Key, ” Sean Pribyl, “ It’s, ”, Rhodes, Rhodians, Pribyl, “ it’s, Martin Davies, ” Davies, Dali, “ don’t, Davies, Chugging, “
Organizations:
New, New York CNN, Holland, CNN, American Bar, Titanic, Star Line, White Star, Maritime Law Center, Tulane University, Grace Ocean, ”, Repair Company, Flint & Co, Supreme
Locations:
New York, Brooklyn, Baltimore, American, Great Britain, Southampton, Singapore, . Flint